When you’ve spent years building your company into a profitable enterprise, it’s almost impossible to be objective about it. More than that, fair market value for a company depends on many complex and evolving factors, and is often lower than what owners project. Not too long ago, Forbes reported that on average, less than 40% of business owners have gotten a professional assessment of their company’s value. Getting professional company valuation services in Tampa can help you understand your company’s prospects, both its current financial state and future prospects. In other words, if you’re an entrepreneur, it’s a necessity for long-term business planning.
What To Expect From Company Valuation Services in Tampa
At Murphy Business, our business appraisers help business owners in Clearwater, St. Petersburg, Tampa, and surrounding communities get internationally viable company valuation services. Here’s what you need to know about your company’s valuation:
- Be prepared for a value that may be different than expected. Tampa Bay entrepreneurs should be seeking professional company valuation services that follow industry standards such as the Uniform Standards of Professional Appraisal Practice of the Appraisal Foundation (USPAP). This will help create an accurate picture of the market value for your business.
- Fair market value can help you receive a competitive price. You may feel daunted by the process of getting your business professionally valued. But understanding its worth can help business brokerages sell your company at a more competitive price to a promising buyer. When your small business has a market-backed, defendable valuation, it means that highly skilled negotiators can use this information to attract savvy buyers who understand its worth.
- Get a business valuation ASAP. For any Tampa Bay-based entrepreneur or small business owner, getting company valuation services now is important. Why? Even if you’re not planning to retire, sell your business, or make any other big changes, understanding your company’s worth can help you plan for the future and set goals. If your business is worth less than expected, you can consult with a financial adviser and take concrete steps to safeguard its future and build up its worth.
Get company valuation services in Tampa, Clearwater, or St. Petersburg—call Murphy Business Clearwater at (727) 725-7090 to speak to one of our business advisers today.
